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  1. #1
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    Quote Originally Posted by SamuelH View Post
    All do respect bashing other loan officers or funders doesn't help either.
    That's not bashing that's fact...if they don't ask for financials they aren't loan officers.

    "Loan officers use a process called underwriting to assess whether applicants qualify for loans. After collecting and verifying all the required "financial documents", loan officers evaluate the information to determine an applicant's need for a loan and ability to repay it"
    Last edited by Olderguy; 07-11-2024 at 02:50 PM.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  2. #2
    Quote Originally Posted by Olderguy View Post
    That's not bashing that's fact...if they don't ask for financials they aren't loan officers.

    "Loan officers use a process called underwriting to assess whether applicants qualify for loans. After collecting and verifying all the required "financial documents", loan officers evaluate the information to determine an applicant's need for a loan and ability to repay it"
    My loan officers are definitely asking for 3 months bank statements and a application so pretty legit sir.

  3. #3
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    Quote Originally Posted by SamuelH View Post
    My loan officers are definitely asking for 3 months bank statements and a application so pretty legit sir.
    Sam you have no understanding of the loan industry.

    That's not a loan officer, that's a MCA broker who doesn't even look at the file...they submit it to a dozen MCA lenders.

    A loan officer gets full financials and does a basic underwriting review.

    Well accept what you get...it's your choice.
    Last edited by Olderguy; 07-11-2024 at 07:49 PM.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  4. #4
    Quote Originally Posted by Olderguy View Post
    Sam you have no understanding of the loan industry.

    That's not a loan officer, that a MCA broker who doesn't even look at the file...they submit it to a dozen MCA lenders.

    A loan officer gets full financials and does a basic underwriting review.

    Well accept what you get...it's your choice.
    I am getting it taking care of but the back and forth has done nothing. Thanks

  5. #5
    Senior Member Reputation points: 84417
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    Quote Originally Posted by SamuelH View Post
    I am getting it taking care of but the back and forth has done nothing. Thanks
    the truth hurts
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  6. #6
    Senior Member Reputation points: 44875
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    Quote Originally Posted by SamuelH View Post
    My loan officers are definitely asking for 3 months bank statements and a application so pretty legit sir.
    You really are a worthless ***** complaining on your thread when you're asking for help for "clients" who don't qualify for anything better.

    Hopefully a real broker calls em and funds em and you walk away with ****. Since you are garbage.

  7. #7
    Quote Originally Posted by SamuelH View Post
    My loan officers are definitely asking for 3 months bank statements and a application so pretty legit sir.
    This is so funny lol

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